Wednesday, January 9, 2008

The Forestland Group to Buy 100,000 acres in Wisconsin

TFG reportedly has purchased (or will purchase?) 100,000 acres of timberland from Plum Creek in Wisconsin.

"the timber on the lands sold to TFG includes a variety of species and age classes. Besides the 16,300 acres in Sawyer County, the sale includes 12,000 acres in Rusk County, 69,700 acres in Oneida County, and lesser acreages in Price, Forest and Langlade counties."

"When asked by the Record what Plum Creek’s objective is in selling these lands, Wilson said that Plum Creek “regularly evaluates its holdings to determine the best economic use for every acre, and this was a market opportunity for the company."

"As the largest private owner of hardwood timberlands in the United States, TFG currently manages approximately 2.1 million acres in 17 states in the eastern U.S."

Read the entire article in the Sawyer County Record. --Brian

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